Thomson Reuters Trading Volumes Shed 10% in October, Still 21% Higher YoY

Trading volumes at Thomson Reuters remained solid on an annual comparison basis, despite contracting when compared to the explosive month

thomson_reuters_logoAccording to an official announcement, the total average daily volume (ADV) of foreign exchange trading across Thomson Reuters platforms has somewhat contracted in October when compared to the previous month. Totaling $373.7bln, the figure is lower by about 10% when compared to the record highs announced for September, but still higher by 21% when compared to a year ago.

The number aggregates trading volumes on Thomson Reuters Matching and FXall and includes all types of transactions – spot, forwards, swaps, options and non-deliverable forwards (NDFs).

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The spot FX ADV at Thomson Reuters dropped by 6% to $134.8 billion, remaining higher by 24% when compared to last year.

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Thomson Reuters Trading Volumes Chart

The company’s Global Head of FX, Phil Weinberg, explained in the company announcement, “We’ve been hard at work all year improving the capabilities we offer clients and have expanded our client footprint considerably as a result.”

“That means when times are volatile, we are in a position to help an ever expanding group of clients across multiple segments and geographies meet their overall FX Trading requirements in a variety of instruments which has resulted in the steady growth of Thomson Reuters in the FX space,” he explained.

While trading activity on the foreign exchange market didn’t decline materially in October, especially with several retail brokers reporting higher numbers, the figures at Thomson Reuters are likely to remain solid in the near future as volatility remains intact.

The company announced earlier this month that Thomson Reuters Matching will deliver a set of new risk controls to prime broker banks which got Maximum Order Size and Maximum Open Orders functionalities on the Thomson Reuters Matching platform.

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